PROJECT Under construction

Beacon Point

A fully contracted AI data center campus under construction with two 352 MW leases and initial energization scheduled for the first quarter of 2027.

Nueces County, Texas704 MW contracted IT; 1 GW utilityHut 8
Updated Oct 18 · 12:44 PM UTC 46-day coverage window Coverage

Project facts

Developer / owner
Hut 8
Industry
Data centers
Capacity marker
704 MW contracted IT; 1 GW utility
Capital marker
$19.6B base-term campus value
Record status
Verified Jul 20, 2026
View project source ↗

Workforce outlook

No linked openings yet; tracked from public milestones.

Openings are linked by project employer and labor market, so a posting may also serve other sites in the market. See hiring in Nueces County, Texas →

DevelopmentConstructionCommissioningOperations

INTELLIGENCE TAPE LINKED PROJECT

Public milestones and transactions.

Full tape →
Capacity Expansion

Hut 8 doubles contracted capacity at Beacon Point

A second 15-year, 352 MW IT lease brings contracted capacity at the Nueces County campus to 704 MW. Site preparation is underway and initial energization remains scheduled for Q1 2027.

Closed
Capital
$19.6B base-term campus value
Capacity
704 MW contracted IT
Instrument
15-year AI leases
Debt Financing

Hut 8 closes $4.25 billion Beacon Point construction financing

The project-level offering finances Beacon Point and brings Hut 8's cumulative investment-grade construction financing across Beacon Point and River Bend to $7.5 billion.

Closed
Capital
$4.25B
Instrument
6.129% senior secured notes due 2042